Research Firm eMarketer Slashes 2013 Mobile Payments Estimate in Half

Research firm eMarketer said Thursday it was cutting its 2013 estimate for total mobile payments in the U.S. from the $2.12 billion it estimated in October 2012 to $1 billion. The firm said that adoption has been slower than anticipated and that competing offerings have hampered growth. Still, the $1 billion total would mark 93 percent growth over the $539 million in mobile payments eMarketer forecast for 2012.

I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

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